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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2012
Shareholders' Equity [Abstract]  
Fair Value Assumptions
Average Risk-free interest rate (a) 3.73 %
Expected dividend yield 0.0 %
Average expected volatility (b) 112.42 %
Termination rate 11 %
Suboptimal rate (c) 3.45  

 

(a) Risk-free interest rate represents risk free US$ zero-coupon US Government Bonds at time of grant.

(b) Expected average volatility represents a weighted average standard deviation rate for the price of the Company's ordinary shares on the NASDAQ National Market.

(c) Suboptimal rate represents the multiple of the increase in the market share price on the day of grant of the option which, should it come to pass, will lead to exercise of the option by the employee. It is the average suboptimal rate of the Company and similar companies.

Average Risk-free interest rate (a) 3.00 %
Expected dividend yield 0.0 %
Average expected volatility (b) 82.64 %
Termination rate 9 %
Suboptimal rate (c) 3.45  

 

(a) Risk-free interest rate represents risk free US$ zero-coupon US Government Bonds at time of grant.

(b) Expected average volatility represents a weighted average standard deviation rate for the price of the Company's ordinary shares on the NASDAQ National Market.

(c) Suboptimal rate represents the multiple of the increase in the market share price on the day of grant of the option which, should it come to pass, will lead to exercise of the option by the employee. It is the average suboptimal rate of the Company and similar companies.

Average Risk-free interest rate (a) 1.33 %
Expected dividend yield 0.0 %
Average expected volatility (b) 64.71 %
Termination rate 9 %
Suboptimal rate (c) 3.2  

 

(a) Risk-free interest rate represents risk free US$ zero-coupon US Government Bonds at time of grant.

(b) Expected average volatility represents a weighted average standard deviation rate for the price of the Company's ordinary shares on the NASDAQ National Market.

(c) Suboptimal rate represents the multiple of the increase in the market share price on the day of grant of the option which, should it come to pass, will lead to exercise of the option by the employee. It is the average suboptimal rate of the Company and similar companies.

Stock Option Summary
     
Options outstanding
   
Options exercisable
 
           
Weighted
         
Weighted
 
           
average remaining
         
average remaining
 
Exercise price
   
Number
   
contractual life
   
Number
   
contractual life
 
US$
   
of options
   
(in years)
   
of options
   
(in years)
 
3.82       40,087       3.79       40,087       3.79  
18.82       135,000       5.97       67,500       5.97  
15.28       238,000       7.70       -       -  
                                   
        413,087               107,587          
Stock Option Activity
               
Weighted
 
         
Weighted
   
average
 
   
Number
   
average
   
grant date
 
   
of options
   
exercise price
   
fair value
 
         
US$
   
US$
 
                     
Balance at January 1, 2010
    240,700              
                     
Granted
    137,500       18.82       8.69  
Exercised
    (70,375 )     3.68       1.81  
Forfeited
    (2,000 )     3.82       1.81  
Balance at December 31, 2010
    305,825                  
                         
Exercised
    (45,400 )     3.62       1.75  
Forfeited
    (3,000 )     16.32       7.54  
                         
Balance at December 31, 2011
    257,425                  
                         
Granted
    240,000       15.28       6.54  
Exercised
    (82,338 )     3.35       1.81  
Forfeited
    (2,000 )     15.28       6.54  
                         
Balance at December 31, 2012
    413,087                  
Exercisable at December 31, 2012
    107,587                  
Summary Of Allocation Of The Stock-Based Compensation Expenses
   
Year ended December 31
 
   
2010
   
2011
   
2012
 
   
US$ thousands
   
US$ thousands
   
US$ thousands
 
Cost of sales
    33       24       46  
Research and development costs
    71       96       130  
Selling and marketing expenses
    65       134       159  
General and administrative expenses
    62       183       209  
                         
      231       437       544